8794 Pigeon KyFort MyersFL33908
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Fort Myers at 8794 Pigeon Ky, Fort Myers, FL, 33908 generates $5,844/mo in rent and, after a $2,981/mo payment, leaves $1,802/mo in cash flow. Total monthly income is $5,844/mo, and annual cash flow is $21,628/yr on $200,361 invested. Return on cash invested sits at 30.85% in year one, and rental yield is 11.52% on a $609,000 entry. Equity gained on principal adds $3,930/yr, while 5% annual appreciation builds toward $168,255 over five years. Five-year ROI reaches 162.11% and total cumulative return in cash sums $324,797. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,844/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33908, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,029 (100%) |
| Owner Occupied HU | 15,858 (51.1%) |
| Renter Occupied HU | 5,421 (17.5%) |
| Vacant Housing Units | 9,750 (31.4%) |
| Median Home Value | $495,639 |
| Average Home Value | $585,764 |
Housing Distribution
Address Breakdown
Residential
26,065
Single Family
17,390
Multi-Family
8,675
Businesses
1,171
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Listed by: Jayne E Lumley • Michael Saunders & Company
Mls Name: Sanibel And Captiva Island AOR
Mls ID: #2251303